Kinross Gold Balance Sheet Health
Financial Health criteria checks 5/6
Kinross Gold has a total shareholder equity of $6.2B and total debt of $2.2B, which brings its debt-to-equity ratio to 36.1%. Its total assets and total liabilities are $10.5B and $4.4B respectively. Kinross Gold's EBIT is $764.4M making its interest coverage ratio 26.8. It has cash and short-term investments of $366.9M.
Key information
36.1%
Debt to equity ratio
US$2.23b
Debt
| Interest coverage ratio | 26.8x |
| Cash | US$366.90m |
| Equity | US$6.19b |
| Total liabilities | US$4.36b |
| Total assets | US$10.54b |
Recent financial health updates
Here's Why Kinross Gold (TSE:K) Can Manage Its Debt Responsibly
Feb 13
Here's Why Kinross Gold (TSE:K) Can Manage Its Debt Responsibly
Nov 07Kinross Gold (TSE:K) Has A Pretty Healthy Balance Sheet
Jul 23Does Kinross Gold (TSE:K) Have A Healthy Balance Sheet?
Mar 19Is Kinross Gold (TSE:K) A Risky Investment?
Nov 25We Think Kinross Gold (TSE:K) Is Taking Some Risk With Its Debt
Aug 09Recent updates
Kinross Gold Corporation's (TSE:K) Shares Bounce 28% But Its Business Still Trails The Industry
Mar 29Here's Why Kinross Gold (TSE:K) Can Manage Its Debt Responsibly
Feb 13Estimating The Fair Value Of Kinross Gold Corporation (TSE:K)
Jan 29Unpleasant Surprises Could Be In Store For Kinross Gold Corporation's (TSE:K) Shares
Dec 29Here's Why Kinross Gold (TSE:K) Can Manage Its Debt Responsibly
Nov 07A Look At The Fair Value Of Kinross Gold Corporation (TSE:K)
Aug 13Kinross Gold (TSE:K) Has A Pretty Healthy Balance Sheet
Jul 23Estimating The Intrinsic Value Of Kinross Gold Corporation (TSE:K)
Apr 12Does Kinross Gold (TSE:K) Have A Healthy Balance Sheet?
Mar 19Is Kinross Gold (TSE:K) A Risky Investment?
Nov 25Calculating The Fair Value Of Kinross Gold Corporation (TSE:K)
Oct 17We Think Kinross Gold (TSE:K) Is Taking Some Risk With Its Debt
Aug 09Calculating The Fair Value Of Kinross Gold Corporation (TSE:K)
Jul 13Financial Position Analysis
Short Term Liabilities: K's short term assets ($1.8B) exceed its short term liabilities ($685.5M).
Long Term Liabilities: K's short term assets ($1.8B) do not cover its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: K's net debt to equity ratio (30.2%) is considered satisfactory.
Reducing Debt: K's debt to equity ratio has reduced from 38.3% to 36.1% over the past 5 years.
Debt Coverage: K's debt is well covered by operating cash flow (71.9%).
Interest Coverage: K's interest payments on its debt are well covered by EBIT (26.8x coverage).